XR274HR-10 in 318

Instead of milling the intake, your machinist should be milling the intake side of your cylinder heads, but the end rails of the intake will probably need milled too. I got to checking and the .050 comes closer to reducing the chamber volume closer to 53 cc's, so plan ahead on your compression before having them milled.
Best idea. I had the heads milled and I bolted them on and the stock intake wouldn't fit. Instead of pulling the heads again I just machined the intake. Now the heads and intake will have to be used together. No worries though. I don't plan on any changes and some time in the engines history one head was replaced.